Emerson Electric Co. (EMR) Shares Bought by YHB Investment Advisors Inc.

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YHB Investment Advisors Inc. boosted its position in Emerson Electric Co. (NYSE:EMR) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,438 shares of the industrial products company’s stock after purchasing an additional 3,550 shares during the period. YHB Investment Advisors Inc.’s holdings in Emerson Electric were worth $1,102,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EMR. Bank of New York Mellon Corp lifted its stake in Emerson Electric by 3,146,008.7% in the third quarter. Bank of New York Mellon Corp now owns 9,375,404 shares of the industrial products company’s stock valued at $717,967,000 after purchasing an additional 9,375,106 shares during the last quarter. Vanguard Group Inc lifted its stake in Emerson Electric by 2.4% in the third quarter. Vanguard Group Inc now owns 51,601,229 shares of the industrial products company’s stock valued at $3,951,622,000 after purchasing an additional 1,214,362 shares during the last quarter. Millennium Management LLC lifted its stake in Emerson Electric by 1,480.3% in the second quarter. Millennium Management LLC now owns 1,156,665 shares of the industrial products company’s stock valued at $79,972,000 after purchasing an additional 1,083,470 shares during the last quarter. Capital World Investors lifted its stake in Emerson Electric by 7.0% in the third quarter. Capital World Investors now owns 15,250,142 shares of the industrial products company’s stock valued at $1,167,856,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Emerson Electric by 424.9% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 792,956 shares of the industrial products company’s stock valued at $60,725,000 after purchasing an additional 641,890 shares during the last quarter. Institutional investors and hedge funds own 70.51% of the company’s stock.

NYSE:EMR opened at $62.02 on Friday. The firm has a market cap of $38.45 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.95 and a beta of 1.20. Emerson Electric Co. has a 1 year low of $55.38 and a 1 year high of $79.70. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35.

Emerson Electric (NYSE:EMR) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.03). Emerson Electric had a return on equity of 23.06% and a net margin of 12.65%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter last year, the business posted $0.83 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Emerson Electric Co. will post 3.66 earnings per share for the current fiscal year.

In related news, insider Surendralal Lanca Karsanbhai sold 9,070 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $68.00, for a total value of $616,760.00. Following the sale, the insider now owns 20,000 shares in the company, valued at $1,360,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.07% of the company’s stock.

EMR has been the topic of several research analyst reports. Zacks Investment Research downgraded Emerson Electric from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Deutsche Bank set a $79.00 target price on Emerson Electric and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Credit Suisse Group upgraded Emerson Electric from a “neutral” rating to an “outperform” rating and set a $59.60 target price on the stock in a research report on Thursday, January 3rd. Stephens began coverage on Emerson Electric in a research report on Monday, November 19th. They set an “overweight” rating and a $80.00 target price on the stock. Finally, Robert W. Baird set a $70.00 target price on Emerson Electric and gave the stock a “hold” rating in a research report on Monday, December 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $74.91.

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Emerson Electric Profile

Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.

Further Reading: What are no-load funds?

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Institutional Ownership by Quarter for Emerson Electric (NYSE:EMR)

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